Post Utme Rhema University 2017 Accounting Question 32

Practice objective / multiple choice question 32 from the 2017 Post Utme Rhema University Accounting examination.

Post Utme Rhema University 2017 Accounting Objective / Multiple Choice
Question 32 POST_UTME_RHEMA_UNIVERSITY • 2017 • ACCOUNTING • objective

A manufacturing company uses a job costing system. The following data are extracted from the company's records for the year ended December 31, 2017: Cost of goods manufactured ₦1,500,000; Work-in-progress at the beginning of the year ₦200,000; Work-in-progress at the end of the year ₦250,000. Calculate the cost of goods sold.

Answer Options

A. ₦1,250,000
Correct Answer B. ₦1,300,000
C. ₦1,350,000
D. ₦1,400,000
Correct Answer
B
Correct Option:
₦1,300,000

About This Question

This is Post Utme Rhema University 2017 Accounting Question 32. It is one of the objective questions from the 2017 Post Utme Rhema University Accounting examination.

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